Bitcoin price rises, market focuses on the US "Crypto Week" legislation.

Data from the London Stock Exchange Group shows that the price of Bitcoin has risen. This cryptocurrency soared to a historic high of $123,153 on Monday, before dropping due to profit-taking. However, cryptocurrency investors are now paying attention to possible legislation regarding the regulation of cryptographic assets in the United States. During what is being called "Crypto Week", the U.S. House of Representatives will be considering three bills aimed at completely reforming U.S. cryptocurrency policy. Josh, an analyst at TPICAP's digital asset division, stated in a report that this may pave the way for more institutional adoption of cryptocurrencies and further drive up the price of Bitcoin. She said, "Bitcoin's role as 'digital gold' in investment portfolios is becoming increasingly important."